P262,500; Nov. 17, 2021
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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14
Transcribed Image Text:Question 14
On July 20, 2021, Benildo Corp. discounts a 120 days, 15% P250,000 note of a
customer dated July 10, 2021 with the Fiesta Financing Co. at 18%. How much is
the maturity value of the customer note and maturity date ?
P262,500; Nov. 17, 2021
P265,000; Nov. 17, 2021
P265,000; Nov. 7, 2021
P262,500; Nov. 7, 2021
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